The NZDUSD hits the target – Analysis - 16-03-2023
Economies.com
2023-03-16 04:31AM UTC
The NZDUSD pair managed to touch our waited target at 0.6140, and begins today with additional negativity to press on this level, which supports the chances of surpassing this level and head to achieve more bearish correction in the upcoming sessions, paving the way to visit 0.6020 as a next negative target.
Therefore, the bearish trend will remain suggested on the intraday and short term basis, supported by moving below the EMA50, noting that the consolidation of 0.6140 against the current negative pressure will push the price to test 0.6290 areas before any new attempt to decline.
The expected trading range for today is between 0.6080 support and 0.6190 resistance
The expected trend for today: Bearish
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